714 S Myrtle Ave - Apartments FOR SALE


Inglewood, CA 90301
$3,100,000 USD
707-225-2402
714 S Myrtle Ave, Inglewood, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/10
null | 5.52% Cap Rate

714 S Myrtle Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Turnkey Asset with Remaining Upside
  • Prime Location in the SoFi Stadium Corridor
  • Large & Desirable Floor Plans
  • Modern Interior Upgrades

OVERVIEW

We are pleased to present 714 Myrtle Ave, a rare turnkey investment opportunity located in the heart of Inglewood’s thriving SoFi Stadium district—one of the most rapidly appreciating rental markets in Los Angeles. The 10-unit property has undergone significant upgrades, with 9 of the 10 units already renovated, offering investors strong in-place income with minimal deferred maintenance and the ability to capture additional upside through the remaining unit. The asset features an exceptional unit mix with large, welldesigned floor plans averaging approximately 960 square feet, providing a competitive advantage in attracting and retaining quality tenants. Interior renovations include modern finishes such as quartz countertops, stainless steel appliances, and dishwashers, aligning the property with today’s renter expectations and supporting premium rental rates. Positioned near major entertainment, employment, and retail hubs, 714 Myrtle Ave offers a compelling combination of stability, quality, and long-term appreciation potential in one of Southern California’s most dynamic growth corridors. For more information, please reach out.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

10

PRICE/UNIT

$310,000

CAP RATE

5.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casino Royale III

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,757 SF

ZONING

INR3YY

APN/PARCEL ID

4021-042-016

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.